Barton Industries expects next year's annual dividend, D$1,$ to be $$2\mathrm{.}20$ and it expects dividends to grow at a constant rate gL $=4\mathrm{.}7\%.$ The firm's current common stock price, P$0,$ is $$22\mathrm{.}60.$ If it needs to issue new common stock, the firm will encounter a $5\mathrm{.}2\%$ flotation cost, F$.$ Assume that the cost of equity calculated without the flotation adjustment is $12\%$ and the cost of old common equity is $11\mathrm{.}5\%.$

What is the flotation cost adjustment that must be added to its cost of retained earnings? Round your answer to $2$ decimal places. Do not round intermediate calculations.

What is the cost of new common equity? Round your answer to $2$ decimal places. Do not round intermediate calculations.